VAALCO Energy (NYSE:EGY) Stock Rating Lowered by StockNews.com

VAALCO Energy (NYSE:EGY – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Other equities analysts have also recently issued research reports about the stock. Roth Capital restated a “buy” rating on shares of VAALCO Energy in a research note on Monday, March 6th. Stifel Nicolaus initiated coverage on shares of VAALCO Energy in a report on Wednesday, March 1st. They issued a “buy” rating on the stock.

VAALCO Energy Trading Up 0.5 %

NYSE:EGY opened at $3.94 on Friday. VAALCO Energy has a 52 week low of $3.51 and a 52 week high of $8.77. The stock has a market cap of $420.67 million, a price-to-earnings ratio of 7.04 and a beta of 1.58. The company’s 50 day moving average price is $4.21 and its 200-day moving average price is $4.54. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

VAALCO Energy (NYSE:EGY – Get Rating) last posted its earnings results on Thursday, April 6th. The energy company reported $0.19 EPS for the quarter. The business had revenue of $96.59 million during the quarter. VAALCO Energy had a return on equity of 28.65% and a net margin of 11.80%. On average, equities research analysts forecast that VAALCO Energy will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at VAALCO Energy

In other VAALCO Energy news, CEO George W.M. Maxwell acquired 10,000 shares of the stock in a transaction dated Monday, May 15th. The shares were purchased at an average price of $3.70 per share, for a total transaction of $37,000.00. Following the purchase, the chief executive officer now directly owns 143,840 shares of the company’s stock, valued at $532,208. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 25,764 shares of company stock worth $96,519 in the last three months. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On VAALCO Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in VAALCO Energy by 26.4% during the first quarter. JPMorgan Chase & Co. now owns 95,979 shares of the energy company’s stock valued at $434,000 after purchasing an additional 20,069 shares during the period. Ancora Advisors LLC grew its stake in shares of VAALCO Energy by 5.9% during the 1st quarter. Ancora Advisors LLC now owns 414,208 shares of the energy company’s stock valued at $1,876,000 after acquiring an additional 23,154 shares during the period. First Sabrepoint Capital Management LP increased its holdings in VAALCO Energy by 42.4% in the 1st quarter. First Sabrepoint Capital Management LP now owns 2,350,000 shares of the energy company’s stock worth $10,646,000 after acquiring an additional 700,000 shares in the last quarter. First Trust Advisors LP raised its stake in VAALCO Energy by 8.3% during the 1st quarter. First Trust Advisors LP now owns 280,442 shares of the energy company’s stock worth $1,270,000 after acquiring an additional 21,437 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in VAALCO Energy by 5.7% during the first quarter. Geode Capital Management LLC now owns 1,990,119 shares of the energy company’s stock valued at $9,015,000 after purchasing an additional 108,124 shares in the last quarter. 31.61% of the stock is currently owned by hedge funds and other institutional investors.

About VAALCO Energy

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VAALCO Energy, Inc engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation.